https://www.taxtmi.com/caselaws?id=218422 Interest was payable on inadmissible Cenvat credit taken on certain input services, while credit on packing-material duty linked to exported rice was treated as supportable because refund could have been claimed under Rule 5 of the Cenvat Credit Rules, 2004. The appellant's bona fide belief was accepted for guest-house, security, seminar, and share-related expenses, but that did not eliminate interest where credit was not admissible. Penalty was waived under Section 80 of the Finance Act, 1994 in view of the appellant's conduct and the overall circumstances, including the availability of credit balance. en-us Tue, 03 Jan 2012 00:00:00 +0530 Thu, 15 Nov 2012 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218422 Interest was payable on inadmissible Cenvat credit taken on certain input services, while credit on packing-material duty linked to exported rice was treated as supportable because refund could have been claimed under Rule 5 of the Cenvat Credit Rules, 2004. The appellant's bona fide belief was accepted for guest-house, security, seminar, and share-related expenses, but that did not eliminate interest where credit was not admissible. Penalty was waived under Section 80 of the Finance Act, 1994 in view of the appellant's conduct and the overall circumstances, including the availability of credit balance. Case-Laws Service Tax Tue, 03 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218422